Urgent
Business·6/4/2026AI summary
Russia: Hormuz Strait Closure, Gulf Damage Cause Tanker Shortage, Freight Costs Rise
Russia's Deputy PM Alexander Novak stated at SPIEF that the closure of the Strait of Hormuz and infrastructure damage in the Persian Gulf have led to a global energy market shortage of 12 million barrels daily and a dramatic rise in freight costs due to a lack of tankers.
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TASS